Former Indiana Congressman Charged by SEC With Insider Trading

Former Indiana Congressman Charged by SEC With Insider Trading
The U.S. Securities and Exchange Commission in Washington on Sept. 18, 2008. Chip Somodevilla/Getty Images
Joseph Lord
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The Securities and Exchange Commission (SEC) announced on July 25 that it would pursue criminal charges for insider trading against former U.S. Rep. Steve Buyer (R-Ind.).

In a report announcing the charges, the SEC laid out its case against Buyer, alleging that he used his position in Congress to gain nonpublic access from T-Mobile about a then-unannounced merger with Sprint.

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